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CMKX holding indefinately--to see....
sold QBID + ADOT + IBZT I have a feeling....holding....
CMKM Diamonds, Inc. Announces Kimberlite Ore Discovery
LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) --
CMKM Diamonds, Inc. (Pink Sheets:CMKX) is pleased to announce kimberlite ore discovery, that joint efforts of CMKM Diamonds, Inc., being the primary operator of the claims, United Carina Resources Corp. (UCA) CDNX, Consolidated Pine Channel Gold Corp. (KPG) CDNX and U.S. Canadian Minerals, Inc. (OTCBB:UCAD) have successfully intersected kimberlite ore at their jointly owned Smeaton property located in Saskatchewan, Canada.
Kimberlite ore was intersected at a depth of 410-547 feet and was still being recovered beyond 547 feet, with an anticipated target depth of 1,000 feet at the Smeaton claims, held jointly by the four companies previously mentioned. Senior geologist, Ralph Newson (who is currently overseeing the project) was on-site Sunday afternoon and has confirmed the presence of kimberlite ore through a preliminary analysis of the diamond drill core. Although it is too early for specifics on the mineral content and/or the possibility of diamonds, the preliminary test was very encouraging. The kimberlite pipe is consistent with other diamondiferous kimberlite bodies located in close proximity on a northwest trend in the Smeaton area, located north of Fort a la Corne, Saskatchewan. The new kimberlite discovery will be named, "The Carolyn Pipe," after Urban Casavant's wife and all additional kimberlite discoveries will be named after individuals rather than given a number.
Urban Casavant, President, and Corey Klassen, Vice President, at a tele-conference board of directors meeting, mutually and respectfully announced they are pleased to be working with a dedicated team, such as this joint venture, for the project, which we all have common goals and interests. Mr. Casavant stated, "Without everyone involved from our shareholders to United Carina, Consolidated Pine Channel, U.S. Canadian Minerals, Mr. Ralph Newson, Dennis Miller and the drill crew (which have the combined experience of over 100 years and have been working around the clock) and all the others who made this happen, it would have been nearly impossible to achieve such a great accomplishment, such as this. We are looking forward to a long and lasting relationship, to continue our progress forward, and are aggressively pursuing additional drill permits for the next 14 priority drill targets already planned within the upcoming weeks for just the Smeaton area. Thank you for your patience and support."
Updated video footage of the kimberlite ore will be available on the Corporate website and/or additional information on kimberlite, visit www.casavantmining.com.
There is no guarantee that further exploration or drilling will produce any economic
DRDF eom
Thanx..luck eom
GBMI wadda 'ya think? Strong..eom
GBMI watch for PR....
Very sudden,unusual volume Fri. IMHO
GBMI Thx DD once again lol eom
GBMI hit @ .0015 Nice again eom
May have to do with the 1st.....
also a hoard of trash-mongers have descended on many of the I-hub boards????
GBMI hit hard @ ask nice eom
GBMI large buys @ .0015 ask eom
GBMI looking very good IMHO eom
No PR today but very confident....
God Bless......
PCBM Volume? anything anyone?
GBMI about to FLY IMHO eom
PCBM Vol. 104M Correct??? eom
GBMI Volume 50M!!eom
CMKX potentially strongest PR IMHO
CMKM Diamonds, Inc. Announces Joint Venture Option Agreement With United Carina Resources Corp. and Consolidated Pine Channel Gold Corp.
March 22, 2004 9:30am
Business Wire
LAS VEGAS--(BUSINESS WIRE)--March 22, 2004--CMKM Diamonds, Inc.(Pink Sheets:CMKX) announces option agreement with United Carina Resources Corp.(UCA) CDNX and Consolidated Pine Channel Gold Corp. (KPG) CDNX. CMKM Diamonds Inc. shall acquire 25% interest of twenty-seven (27) mineral claims, which comprise of approx. 22,447 acres and are located in the province of Saskatchewan, Canada named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000 U.S. and CMKM Diamonds, Inc. shall become operator of the property, shall spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005. United Carina Resources Corp. shall retain 25% interest and Consolidated Pine Channel Gold Corp. will also retain 25% interest of the twenty-seven (27) mineral claims total, with the remainder 25% interest optioned out to another party.
dave
PCBM getting volume again eom
Rocket Great DD eom
Good luck today...eom
Oregon Read this....
THIS JUST IN REGARDING KENSINGTON..
2004-03-24 12:20 ET - Street Wire
by Will Purcell
David Stone's Fort a la Corne diamond hunter, Kensington Resources, has come up with another batch of diamonds. The latest stones came from the caustic dissolution of nearly 600 kilograms of core samples drilled up from another of its priority pipes in central Saskatchewan, No. 141/140. The No. 141/140 complex has been the top target in recent years, and about 2.4 tonnes of material has already been processed in a series of mini-bulk tests. Nevertheless, the latest tiny batches provide additional signs that there is a higher-grade zone within the mammoth pipe, and the numbers should help point the way to the best section for the next series of tests. As well, the result offers new encouragement for No. 148.
Kensington and its Fort a la Corne partners recovered 1,159 diamonds from 595 kilograms of core samples from the south-central portion of No. 141/140, for an indicated rate of about 1,950 stones per tonne, which is significantly better than what the partners had come up with a year earlier.
The numbers in the detailed results continue to point toward a richer zone within the pipe. About 140 kilograms of the kimberlite had come from the material classified as repeated graded beds, and the rock produced 323 diamonds, or nearly 2,300 stones per tonne. A further 275 kilograms of rock had been drilled up from the breccia beds, and the material yielded 593 diamonds, or about 2,160 stones per tonne.
Two other types of kimberlite produced markedly fewer diamonds. Nearly 110 kilograms of kimberlite from the speckled beds contained 134 diamonds, for a rate that was just a bit better than 1,200 stones per tonne, while a 68-kilogram lot of rock from other units of kimberlite produced 109 diamonds, or about 1,600 stones per tonne.
All that would suggest that it is the repeated graded beds and the breccia beds that hold the greatest diamond potential and a closer look at the numbers provides further encouragement. About 417 kilograms of rock from the two phases of kimberlite yielded 431 diamonds larger than a 0.106-millimetre sieve, which is the minimum cutoff used by many labs.
Even with that larger cutoff, there were still a bit better than 1,000 diamonds per tonne in the two top kimberlite units. That is a toutable haul, as a number of effective promotions have been sustained recently, based on numbers roughly comparable to that figure.
For instance, the Aviat play in Nunavut continues to be a market favourite, with an absolute number of diamonds that is only marginally higher than what came from the No. 141/140 complex. Stornoway Diamond has processed about 1.67 tonnes of material from the AV-1 body, coming up with 2,350 diamonds larger than a 0.106-millimetre sieve, or about 1,400 stones per tonne. The Aviat play was the key factor in carrying Stornoway's stock from pennies in 2001, to a peak of $2.99 earlier this year.
Diamonds North has had nearly as much luck touting diamond hauls from a number of Victoria Island kimberlites, despite the fact that some of its numbers are lower than what Kensington and De Beers have come up with at No. 141/140. At this stage, the best result from a larger sample on Victoria Island has come from the Sculptor kimberlite, where 978 diamonds from 723 kilograms of kimberlite suggest a rate of about 1,350 stones per tonne, just marginally better than the No. 141/140 sample.
It is the size distribution of the diamond parcels, not the absolute numbers of diamonds recovered, that matters most, and the No. 141/140 results fall far short of the recoveries in many of those more northerly kimberlites. Only 19 of the diamonds in the two richest kimberlite units were large enough to be recovered by a 0.30-millimetre screen, and that worked out to a mere 4.4 per cent of the parcel of diamonds retained by a 0.106-millimetre screen. Just seven diamonds were recovered by a 0.425-millimetre mesh, or 1.6 per cent of the parcel.
Meanwhile, nearly 26 per cent of the AV-1 diamonds were large enough to be retained by a 0.30-millimetre screen, and just over 13 per cent of the stones had been recovered by a 0.425-millimetre mesh.
Those rates were hardly unusual. About 23 per cent of the diamonds in the parcel from the Sculptor kimberlite had been retained by a 0.30-millimetre mesh, and about 12 per cent of the diamonds were larger than the 0.425-millimetre sieve.
Nevertheless, the No. 141/140 sample did manage to deliver something that AV-1 and Sculptor did not. The largest diamond in the latest samples weighed an impressive 0.77 carat and measured 5.5 millimetres long and over four millimetres in its two remaining dimensions. Six of the Sculptor diamonds were longer than two millimetres, but they fell well short of the size of Kensington's stone, and although the largest AV-1 diamond was four millimetres long, it was only 3.5 millimetres long and 1.8 millimetres deep.
Meanwhile, the size distribution of the remaining kimberlite types at No. 141/140 was significantly poorer than in the two richer zones. Of the 119 diamonds larger than a 0.106-millimetre cutoff, only four were retained by a 0.30-millimetre mesh, or about 3.4 per cent, and none of the diamonds had been recovered by a 0.425-millimetre screen.
The latest numbers would appear to confirm the results of the mini-bulk sampling over the past few years, as well as the latest modelling effort completed by De Beers. The best of the sample grades came from the kimberlite breccia, where a diamond content of nearly 0.19 carat per tonne had been obtained, although De Beers subsequently produced a somewhat more modest estimate of 0.15 carat per tonne for the material in the breccia beds.
Nevertheless, the breccia was still the best of the various kimberlite types, with a diamond value modelled at nearly $100 (U.S.) per carat, the rock was estimated to have a gross value of nearly $15 (U.S.) per tonne. De Beers had come up with a grade forecast of 0.12 carat per tonne for the coarse material in the graded beds, with lower values for the remaining material in the repeated graded beds.
The latest microdiamond recoveries will provide additional information that will help De Beers and its partners refine their model for the complex No. 141/140 kimberlite, as well as help with the selection of the best areas to continue their exploration efforts.
As well, the No. 141/140 data provide an intriguing comparison with the results from No. 148 that had been received about a month ago. Like No. 141/140, the No. 148 body is quite complex, with several kimberlite types having a potentially distinct diamond content.
Just over 510 kilograms of material from the two richest phases at No. 148 had produced 1,691 diamonds, and 959 of them, or about 1,875 stones per tonne, had been large enough to be retained by a 0.106-millimetre screen. That was significantly better than what the best phases at No. 141/140 had produced, and the No. 148 parcel seemed to have a slightly better size distribution curve as well. There were 49 diamonds larger than a 0.30-millimetre screen, or about 5.1 per cent of the parcel, and 13 diamonds, or about 1.4 per cent, were large enough to be retained by a 0.425-millimetre mesh.
A negative spin on the latest numbers might suggest that the recoveries from the better kimberlite types at No. 141/140 were poorer than the results from No. 148, but that would mean little, due to the fact that No. 141/140 has already been extensively tested with mini-bulk samples, and there should be no unexpectedly unpleasant surprises about the diamond content at this stage.
On the other hand, the No. 148 body has seen very limited mini-bulk testing at best, and that would make a positive spin on its apparently healthier microdiamond recoveries seem more realistic. As a result, No. 148 could be a candidate for mini-bulk testing at some point in the future, despite the fact that a 121-tonne test of the body in 1993 had produced just 2.37 carats. That resulted in a sample grade of a minuscule 0.02 carat per tonne, although De Beers was much rosier with its forecast, coming up with a 0.10-carat-per-tonne prediction.
Kensington and its partners are still waiting for diamond counts from two additional kimberlites. The No. 122 and No. 150 bodies were also drilled last year, and the numbers could shed additional light on possible higher-grade regions within those bodies as well.
The latest numbers provide additional grist for Mr. Stone's promotional mill and offer new hope for a play that seemed on its last legs in the late 1990s. The Victoria-based Mr. Stone has doggedly touted the flagging Fort a la Corne project since he took over as president in the summer of 1997, and Kensington's promotion has succeeded in attracting a new crop of speculators in recent years. De Beers also showed new interest in the play in 2000, commencing a series of new tests on the priority pipes, and that has added to the promotability of the play.
Although it likely will be quite some time before Kensington and its partners take another larger test of their top kimberlites, the Fort a la Corne play would get a big boost in the next few months, if Shore Gold can meet its recovery targets at the big Star pipe. Shore initially hoped for about 3,000 carats from a 25,000-tonne test, but the company's exploration head has recently suggested that as much as 5,000 carats might be recovered. If Shore can come up with a grade close to 0.20 carat per tonne, it would add to the promotability of the entire district.
Mr. Stone has been an effective promoter in recent years. Kensington's shares peaked at $2.36 in the spring of 2002, helped by a favourable set of predictions from De Beers. Although the stock dipped back to less than 70 cents a year later, Kensington's story sparked a new wave of interest that carried the company's shares to $1.70 last June. Kensington dipped back to just 83 cents early this year, but Mr. Stone's promotion is rolling once again, as the stock briefly topped the $1.50 mark last month.
Kensington added two cents on Tuesday, closing at $1.25.
----------------------------------------
Oaks
CMKX related News today...Kensington....
THIS JUST IN REGARDING KENSINGTON....
2004-03-24 12:20 ET - Street Wire
by Will Purcell
David Stone's Fort a la Corne diamond hunter, Kensington Resources, has come up with another batch of diamonds. The latest stones came from the caustic dissolution of nearly 600 kilograms of core samples drilled up from another of its priority pipes in central Saskatchewan, No. 141/140. The No. 141/140 complex has been the top target in recent years, and about 2.4 tonnes of material has already been processed in a series of mini-bulk tests. Nevertheless, the latest tiny batches provide additional signs that there is a higher-grade zone within the mammoth pipe, and the numbers should help point the way to the best section for the next series of tests. As well, the result offers new encouragement for No. 148.
Kensington and its Fort a la Corne partners recovered 1,159 diamonds from 595 kilograms of core samples from the south-central portion of No. 141/140, for an indicated rate of about 1,950 stones per tonne, which is significantly better than what the partners had come up with a year earlier.
The numbers in the detailed results continue to point toward a richer zone within the pipe. About 140 kilograms of the kimberlite had come from the material classified as repeated graded beds, and the rock produced 323 diamonds, or nearly 2,300 stones per tonne. A further 275 kilograms of rock had been drilled up from the breccia beds, and the material yielded 593 diamonds, or about 2,160 stones per tonne.
Two other types of kimberlite produced markedly fewer diamonds. Nearly 110 kilograms of kimberlite from the speckled beds contained 134 diamonds, for a rate that was just a bit better than 1,200 stones per tonne, while a 68-kilogram lot of rock from other units of kimberlite produced 109 diamonds, or about 1,600 stones per tonne.
All that would suggest that it is the repeated graded beds and the breccia beds that hold the greatest diamond potential and a closer look at the numbers provides further encouragement. About 417 kilograms of rock from the two phases of kimberlite yielded 431 diamonds larger than a 0.106-millimetre sieve, which is the minimum cutoff used by many labs.
Even with that larger cutoff, there were still a bit better than 1,000 diamonds per tonne in the two top kimberlite units. That is a toutable haul, as a number of effective promotions have been sustained recently, based on numbers roughly comparable to that figure.
For instance, the Aviat play in Nunavut continues to be a market favourite, with an absolute number of diamonds that is only marginally higher than what came from the No. 141/140 complex. Stornoway Diamond has processed about 1.67 tonnes of material from the AV-1 body, coming up with 2,350 diamonds larger than a 0.106-millimetre sieve, or about 1,400 stones per tonne. The Aviat play was the key factor in carrying Stornoway's stock from pennies in 2001, to a peak of $2.99 earlier this year.
Diamonds North has had nearly as much luck touting diamond hauls from a number of Victoria Island kimberlites, despite the fact that some of its numbers are lower than what Kensington and De Beers have come up with at No. 141/140. At this stage, the best result from a larger sample on Victoria Island has come from the Sculptor kimberlite, where 978 diamonds from 723 kilograms of kimberlite suggest a rate of about 1,350 stones per tonne, just marginally better than the No. 141/140 sample.
It is the size distribution of the diamond parcels, not the absolute numbers of diamonds recovered, that matters most, and the No. 141/140 results fall far short of the recoveries in many of those more northerly kimberlites. Only 19 of the diamonds in the two richest kimberlite units were large enough to be recovered by a 0.30-millimetre screen, and that worked out to a mere 4.4 per cent of the parcel of diamonds retained by a 0.106-millimetre screen. Just seven diamonds were recovered by a 0.425-millimetre mesh, or 1.6 per cent of the parcel.
Meanwhile, nearly 26 per cent of the AV-1 diamonds were large enough to be retained by a 0.30-millimetre screen, and just over 13 per cent of the stones had been recovered by a 0.425-millimetre mesh.
Those rates were hardly unusual. About 23 per cent of the diamonds in the parcel from the Sculptor kimberlite had been retained by a 0.30-millimetre mesh, and about 12 per cent of the diamonds were larger than the 0.425-millimetre sieve.
Nevertheless, the No. 141/140 sample did manage to deliver something that AV-1 and Sculptor did not. The largest diamond in the latest samples weighed an impressive 0.77 carat and measured 5.5 millimetres long and over four millimetres in its two remaining dimensions. Six of the Sculptor diamonds were longer than two millimetres, but they fell well short of the size of Kensington's stone, and although the largest AV-1 diamond was four millimetres long, it was only 3.5 millimetres long and 1.8 millimetres deep.
Meanwhile, the size distribution of the remaining kimberlite types at No. 141/140 was significantly poorer than in the two richer zones. Of the 119 diamonds larger than a 0.106-millimetre cutoff, only four were retained by a 0.30-millimetre mesh, or about 3.4 per cent, and none of the diamonds had been recovered by a 0.425-millimetre screen.
The latest numbers would appear to confirm the results of the mini-bulk sampling over the past few years, as well as the latest modelling effort completed by De Beers. The best of the sample grades came from the kimberlite breccia, where a diamond content of nearly 0.19 carat per tonne had been obtained, although De Beers subsequently produced a somewhat more modest estimate of 0.15 carat per tonne for the material in the breccia beds.
Nevertheless, the breccia was still the best of the various kimberlite types, with a diamond value modelled at nearly $100 (U.S.) per carat, the rock was estimated to have a gross value of nearly $15 (U.S.) per tonne. De Beers had come up with a grade forecast of 0.12 carat per tonne for the coarse material in the graded beds, with lower values for the remaining material in the repeated graded beds.
The latest microdiamond recoveries will provide additional information that will help De Beers and its partners refine their model for the complex No. 141/140 kimberlite, as well as help with the selection of the best areas to continue their exploration efforts.
As well, the No. 141/140 data provide an intriguing comparison with the results from No. 148 that had been received about a month ago. Like No. 141/140, the No. 148 body is quite complex, with several kimberlite types having a potentially distinct diamond content.
Just over 510 kilograms of material from the two richest phases at No. 148 had produced 1,691 diamonds, and 959 of them, or about 1,875 stones per tonne, had been large enough to be retained by a 0.106-millimetre screen. That was significantly better than what the best phases at No. 141/140 had produced, and the No. 148 parcel seemed to have a slightly better size distribution curve as well. There were 49 diamonds larger than a 0.30-millimetre screen, or about 5.1 per cent of the parcel, and 13 diamonds, or about 1.4 per cent, were large enough to be retained by a 0.425-millimetre mesh.
A negative spin on the latest numbers might suggest that the recoveries from the better kimberlite types at No. 141/140 were poorer than the results from No. 148, but that would mean little, due to the fact that No. 141/140 has already been extensively tested with mini-bulk samples, and there should be no unexpectedly unpleasant surprises about the diamond content at this stage.
On the other hand, the No. 148 body has seen very limited mini-bulk testing at best, and that would make a positive spin on its apparently healthier microdiamond recoveries seem more realistic. As a result, No. 148 could be a candidate for mini-bulk testing at some point in the future, despite the fact that a 121-tonne test of the body in 1993 had produced just 2.37 carats. That resulted in a sample grade of a minuscule 0.02 carat per tonne, although De Beers was much rosier with its forecast, coming up with a 0.10-carat-per-tonne prediction.
Kensington and its partners are still waiting for diamond counts from two additional kimberlites. The No. 122 and No. 150 bodies were also drilled last year, and the numbers could shed additional light on possible higher-grade regions within those bodies as well.
The latest numbers provide additional grist for Mr. Stone's promotional mill and offer new hope for a play that seemed on its last legs in the late 1990s. The Victoria-based Mr. Stone has doggedly touted the flagging Fort a la Corne project since he took over as president in the summer of 1997, and Kensington's promotion has succeeded in attracting a new crop of speculators in recent years. De Beers also showed new interest in the play in 2000, commencing a series of new tests on the priority pipes, and that has added to the promotability of the play.
Although it likely will be quite some time before Kensington and its partners take another larger test of their top kimberlites, the Fort a la Corne play would get a big boost in the next few months, if Shore Gold can meet its recovery targets at the big Star pipe. Shore initially hoped for about 3,000 carats from a 25,000-tonne test, but the company's exploration head has recently suggested that as much as 5,000 carats might be recovered. If Shore can come up with a grade close to 0.20 carat per tonne, it would add to the promotability of the entire district.
Mr. Stone has been an effective promoter in recent years. Kensington's shares peaked at $2.36 in the spring of 2002, helped by a favourable set of predictions from De Beers. Although the stock dipped back to less than 70 cents a year later, Kensington's story sparked a new wave of interest that carried the company's shares to $1.70 last June. Kensington dipped back to just 83 cents early this year, but Mr. Stone's promotion is rolling once again, as the stock briefly topped the $1.50 mark last month.
Kensington added two cents on Tuesday, closing at $1.25.
----------------------------------------
Oaks
CMKX
READ FRONT PAGE http://www.nhra.com/
YES IT'S CMKX! Move over Paris.....
Diamonds are not like Paris Hilton--they last forever....
Kensington stock Price 2.36...luck
Read these FACTS
Price on real estate must be getting HOT HOT HOT, and guess what? CMKX Diamonds is in that neighborhood.
2004-03-24 12:20 ET - Street Wire
by Will Purcell
David Stone's Fort a la Corne diamond hunter, Kensington Resources, has come up with another batch of diamonds. The latest stones came from the caustic dissolution of nearly 600 kilograms of core samples drilled up from another of its priority pipes in central Saskatchewan, No. 141/140. The No. 141/140 complex has been the top target in recent years, and about 2.4 tonnes of material has already been processed in a series of mini-bulk tests. Nevertheless, the latest tiny batches provide additional signs that there is a higher-grade zone within the mammoth pipe, and the numbers should help point the way to the best section for the next series of tests. As well, the result offers new encouragement for No. 148.
Kensington and its Fort a la Corne partners recovered 1,159 diamonds from 595 kilograms of core samples from the south-central portion of No. 141/140, for an indicated rate of about 1,950 stones per tonne, which is significantly better than what the partners had come up with a year earlier.
The numbers in the detailed results continue to point toward a richer zone within the pipe. About 140 kilograms of the kimberlite had come from the material classified as repeated graded beds, and the rock produced 323 diamonds, or nearly 2,300 stones per tonne. A further 275 kilograms of rock had been drilled up from the breccia beds, and the material yielded 593 diamonds, or about 2,160 stones per tonne.
Two other types of kimberlite produced markedly fewer diamonds. Nearly 110 kilograms of kimberlite from the speckled beds contained 134 diamonds, for a rate that was just a bit better than 1,200 stones per tonne, while a 68-kilogram lot of rock from other units of kimberlite produced 109 diamonds, or about 1,600 stones per tonne.
All that would suggest that it is the repeated graded beds and the breccia beds that hold the greatest diamond potential and a closer look at the numbers provides further encouragement. About 417 kilograms of rock from the two phases of kimberlite yielded 431 diamonds larger than a 0.106-millimetre sieve, which is the minimum cutoff used by many labs.
Even with that larger cutoff, there were still a bit better than 1,000 diamonds per tonne in the two top kimberlite units. That is a toutable haul, as a number of effective promotions have been sustained recently, based on numbers roughly comparable to that figure.
For instance, the Aviat play in Nunavut continues to be a market favourite, with an absolute number of diamonds that is only marginally higher than what came from the No. 141/140 complex. Stornoway Diamond has processed about 1.67 tonnes of material from the AV-1 body, coming up with 2,350 diamonds larger than a 0.106-millimetre sieve, or about 1,400 stones per tonne. The Aviat play was the key factor in carrying Stornoway's stock from pennies in 2001, to a peak of $2.99 earlier this year.
Diamonds North has had nearly as much luck touting diamond hauls from a number of Victoria Island kimberlites, despite the fact that some of its numbers are lower than what Kensington and De Beers have come up with at No. 141/140. At this stage, the best result from a larger sample on Victoria Island has come from the Sculptor kimberlite, where 978 diamonds from 723 kilograms of kimberlite suggest a rate of about 1,350 stones per tonne, just marginally better than the No. 141/140 sample.
It is the size distribution of the diamond parcels, not the absolute numbers of diamonds recovered, that matters most, and the No. 141/140 results fall far short of the recoveries in many of those more northerly kimberlites. Only 19 of the diamonds in the two richest kimberlite units were large enough to be recovered by a 0.30-millimetre screen, and that worked out to a mere 4.4 per cent of the parcel of diamonds retained by a 0.106-millimetre screen. Just seven diamonds were recovered by a 0.425-millimetre mesh, or 1.6 per cent of the parcel.
Meanwhile, nearly 26 per cent of the AV-1 diamonds were large enough to be retained by a 0.30-millimetre screen, and just over 13 per cent of the stones had been recovered by a 0.425-millimetre mesh.
Those rates were hardly unusual. About 23 per cent of the diamonds in the parcel from the Sculptor kimberlite had been retained by a 0.30-millimetre mesh, and about 12 per cent of the diamonds were larger than the 0.425-millimetre sieve.
Nevertheless, the No. 141/140 sample did manage to deliver something that AV-1 and Sculptor did not. The largest diamond in the latest samples weighed an impressive 0.77 carat and measured 5.5 millimetres long and over four millimetres in its two remaining dimensions. Six of the Sculptor diamonds were longer than two millimetres, but they fell well short of the size of Kensington's stone, and although the largest AV-1 diamond was four millimetres long, it was only 3.5 millimetres long and 1.8 millimetres deep.
Meanwhile, the size distribution of the remaining kimberlite types at No. 141/140 was significantly poorer than in the two richer zones. Of the 119 diamonds larger than a 0.106-millimetre cutoff, only four were retained by a 0.30-millimetre mesh, or about 3.4 per cent, and none of the diamonds had been recovered by a 0.425-millimetre screen.
The latest numbers would appear to confirm the results of the mini-bulk sampling over the past few years, as well as the latest modelling effort completed by De Beers. The best of the sample grades came from the kimberlite breccia, where a diamond content of nearly 0.19 carat per tonne had been obtained, although De Beers subsequently produced a somewhat more modest estimate of 0.15 carat per tonne for the material in the breccia beds.
Nevertheless, the breccia was still the best of the various kimberlite types, with a diamond value modelled at nearly $100 (U.S.) per carat, the rock was estimated to have a gross value of nearly $15 (U.S.) per tonne. De Beers had come up with a grade forecast of 0.12 carat per tonne for the coarse material in the graded beds, with lower values for the remaining material in the repeated graded beds.
The latest microdiamond recoveries will provide additional information that will help De Beers and its partners refine their model for the complex No. 141/140 kimberlite, as well as help with the selection of the best areas to continue their exploration efforts.
As well, the No. 141/140 data provide an intriguing comparison with the results from No. 148 that had been received about a month ago. Like No. 141/140, the No. 148 body is quite complex, with several kimberlite types having a potentially distinct diamond content.
Just over 510 kilograms of material from the two richest phases at No. 148 had produced 1,691 diamonds, and 959 of them, or about 1,875 stones per tonne, had been large enough to be retained by a 0.106-millimetre screen. That was significantly better than what the best phases at No. 141/140 had produced, and the No. 148 parcel seemed to have a slightly better size distribution curve as well. There were 49 diamonds larger than a 0.30-millimetre screen, or about 5.1 per cent of the parcel, and 13 diamonds, or about 1.4 per cent, were large enough to be retained by a 0.425-millimetre mesh.
A negative spin on the latest numbers might suggest that the recoveries from the better kimberlite types at No. 141/140 were poorer than the results from No. 148, but that would mean little, due to the fact that No. 141/140 has already been extensively tested with mini-bulk samples, and there should be no unexpectedly unpleasant surprises about the diamond content at this stage.
On the other hand, the No. 148 body has seen very limited mini-bulk testing at best, and that would make a positive spin on its apparently healthier microdiamond recoveries seem more realistic. As a result, No. 148 could be a candidate for mini-bulk testing at some point in the future, despite the fact that a 121-tonne test of the body in 1993 had produced just 2.37 carats. That resulted in a sample grade of a minuscule 0.02 carat per tonne, although De Beers was much rosier with its forecast, coming up with a 0.10-carat-per-tonne prediction.
Kensington and its partners are still waiting for diamond counts from two additional kimberlites. The No. 122 and No. 150 bodies were also drilled last year, and the numbers could shed additional light on possible higher-grade regions within those bodies as well.
The latest numbers provide additional grist for Mr. Stone's promotional mill and offer new hope for a play that seemed on its last legs in the late 1990s. The Victoria-based Mr. Stone has doggedly touted the flagging Fort a la Corne project since he took over as president in the summer of 1997, and Kensington's promotion has succeeded in attracting a new crop of speculators in recent years. De Beers also showed new interest in the play in 2000, commencing a series of new tests on the priority pipes, and that has added to the promotability of the play.
Although it likely will be quite some time before Kensington and its partners take another larger test of their top kimberlites, the Fort a la Corne play would get a big boost in the next few months, if Shore Gold can meet its recovery targets at the big Star pipe. Shore initially hoped for about 3,000 carats from a 25,000-tonne test, but the company's exploration head has recently suggested that as much as 5,000 carats might be recovered. If Shore can come up with a grade close to 0.20 carat per tonne, it would add to the promotability of the entire district.
Mr. Stone has been an effective promoter in recent years. Kensington's shares peaked at $2.36 in the spring of 2002, helped by a favourable set of predictions from De Beers. Although the stock dipped back to less than 70 cents a year later, Kensington's story sparked a new wave of interest that carried the company's shares to $1.70 last June. Kensington dipped back to just 83 cents early this year, but Mr. Stone's promotion is rolling once again, as the stock briefly topped the $1.50 mark last month.
Kensington added two cents on Tuesday, closing at $1.25.
(Voluntary Disclosure: Position- Long; ST Rating- Hold)
This is being posted on various other RB boards
Anybody know anything about this????
"well guess what.... you all Ready for this one??
I work for Aberdeen Mining and we know a little Secret!!!
Yes core samples were already submitted ( M E L V I N ) and two samples Came up to and average 1.72 carats per tonn, and 2.67 Carats per tonn ( currently being retested ) the really high core sample 9532204 AV was a really well shot sample ! this means it was Ideal for a good evaluation. Not only will Cmkx be able to say that they have diamonds... but i bet you all will notice a price increase that is a little more stable in the next two days"
GMDP is this a good buy now???
Posted by: fung_derf
In reply to: persistance who wrote msg# 710 Date:3/22/2004 6:04:36 PM
Post #of 793
persistence...Just a tip, but if you don't want someone to post somewhere again, don't ask them a question. I hadn't planned to post here for a while because obviously you all feel you have a grasp on the situation. However, to answer your question, there are some people involved in this stock that I am familiar with from a different investment(I use the term loosely), and with that I have done a fair amount of research on this company. I think there are way more factors to consider than whether or not they will strike diamonds or zinc, but it appears that is not something which anyone does wish to discuss here, so I won't bother.
Consider this though, it takes me a heck of a lot longer for me to gather my thoughts and post them, than it does for you to take the time to read them. If I'm willing to waste my time, I think you should allow me the privilege. You can always gloss right over it if it's not what you want to hear. Or even choose to ignore me if you desire. However, I wouldn't advise it.
With that said, I will leave you all for a while, perhaps until a few of you start asking those questions that maybe you should be pondering already. Good luck with your investment.
NXIA Vol. eom
GFYF thx Art eom
Posted by: fung_derf
In reply to: persistance who wrote msg# 710 Date:3/22/2004 6:04:36 PM
Post #of 793
persistence...Just a tip, but if you don't want someone to post somewhere again, don't ask them a question. I hadn't planned to post here for a while because obviously you all feel you have a grasp on the situation. However, to answer your question, there are some people involved in this stock that I am familiar with from a different investment(I use the term loosely), and with that I have done a fair amount of research on this company. I think there are way more factors to consider than whether or not they will strike diamonds or zinc, but it appears that is not something which anyone does wish to discuss here, so I won't bother.
Consider this though, it takes me a heck of a lot longer for me to gather my thoughts and post them, than it does for you to take the time to read them. If I'm willing to waste my time, I think you should allow me the privilege. You can always gloss right over it if it's not what you want to hear. Or even choose to ignore me if you desire. However, I wouldn't advise it.
With that said, I will leave you all for a while, perhaps until a few of you start asking those questions that maybe you should be pondering already. Good luck with your investment.
NXIA adding eom
OT my own hopeless weakness lol
WNMI SEX Sells CONGRATS eom
IVOC getting hammered eom
CYTP opinions THX eom
PCBM April 1st is new IMHO
IVOC NITE on BID eom
Capt PCBM heavy short IMHO eom
IVOC cash reserves 7.1M eom